Bye Aerospace Signs IPO Advisory Agreement with Broad Investment Securities

Recently, the United States electric manned aircraft company Bye Aerospace officially hired Broad Investment Securities as a listing guidance adviser, and held a signing ceremony for the launch of the listing process.

Bye Aerospace is an American aircraft manufacturer based in Denver, Colorado. The company specializes in the design and manufacture of electric aircraft, including unmanned aircraft for geospatial functions and electric manned aircraft for flight training and general aviation, with three models of eFlyer 2 (2-seater), eFlyer 4 (4-seater) and eFlyer 800 (8~12-seater). It is expected to receive full FAA type certification and begin commercial production by 2025. Bye Aerospace is working to develop and advance the electrification of small aircraft that can operate globally with zero emissions and enable training, passenger and cargo transport at a much lower operating cost.

Nowadays, aircraft electrification has become an important direction for the development of aviation technology. At the end of 2019, there were about 130,000 single-engine piston aircraft in operation in the United States alone. Advancing the global electrification of small aircraft is expected to reduce CO₂ emissions by 135 million tons per year (according to estimates by Bye Aerospace). Aircraft electrification is an important innovation that fully expands the use of electric energy for aircraft non-propulsion and propulsion applications. Multi-electric/all-electric aircraft will greatly improve aircraft technical performance, and electric propulsion aircraft can achieve lower fuel consumption and emissions. At the present, Bye Aerospace has received orders worth of over US$1 billion, including United Airlines, with deposits paid.

SoftBank Investment (SBI)-Subaru and Itochu Corporation are shareholders of Bye Aerospace. Among them, Masayoshi Son’s Softbank Investment is the largest institutional shareholder of Bye Aerospace (Softbank…